Mission Impossible

[Dirk58]

Hi there,
I setup this thread for an new approach to make money within the FX market.
Main idea is from saambasp so thanks for this fascinating idea. So what is all about?

Main idea is to trade 100% risk! Using this you will reach 1 Million Dollar with only 15 Trades! Fascinating of course.
But as any trader knows not easy at all to make 15 green trades in a row, no man. And because of the crisis is still on and will
stay much longer the London and US Sessions are very hard to trade. Because of all the news comin in from here and there and
there to here, damn. But what I saw is that the Asian Session recovered nicely from the Tsunami now.
Conclusion: trading the original idea using an nice manual system is within these two sessions out of reach because really not much
chances to make 15 in a row so I thought about an different way, different approach to get near to this. After a short while thinking about
all this and current market situation I found something, an approach what comes near to this idea. At least to reach 1 Million Dollars eventually
with no sweat under my arms.......
Well, time factor is much longer with this but it will be much more safe than the original way to try getting a rich man.

Using 5 micro accounts, each funded with $10 and a few EAs now for my way of High Risk Trading and using 90% Risk! wow, yep

This is running now 1 week and 1 Night and AllTogether Performance is 89.4%

2 good things for this: first is if an ea or two will crash their accounts it was only small money and quickly the account is funded again!
2nd good thing is if an ea goes into red the others still have their performances left for this!

So for this if all 5 accounts together make 100% gain I doubled $10. This is not impressive but will grow because of EAs MM, So soon some of
them are within an account balance were they will increase their lotsize!

Yes, the RR for an EA is really not impressive, but using them together this works greatly. At least for my first approach and week

For this I made an trading plan too and as I right now do not know what will go on with the performance if EAs increase their lotsizes and bad trades
and so on I used to make my plan easy: double last account balance every 2 weeks. So $10 into §20, then $40 and so on, think this will come very
close to all this. Well, first months this is not impressive, but there are still ways to increase all this again and again plus putting money in my pockets too

Think I covered all and perhaps it will be interesting for some of you guys, following now my MI! - MI5 Real Accounts, each funded with $10

Dirk58

General UPDATE 02.25.12
1 EA used on 1 Pair using 4 MI1 Accounts! Pyramid Trading Strategy for more effectiveness and less risk!
4 more info goto http://eine-million-dollar.de/en/missionimpossible.html

02.24th: have to work over my system for lower the risk but same effectiveness Start 02/16/12

website updated
Final Widgets

DD: Feb 29th - MI1 $10 above went into total DD. For less Risk I decided to start new MI1 funded with $20

TOTAL DD.... EA range of trades be set was too small.... so updating again... all new (website and EA!!!) at this weekend

 

[Dirk58]

MI2 went into S/L, well, EA doubled lotsize so I had that quite often. Will wait if he open trades with only $5 left, otherwise I
will fund the account to $10 again within next days....
This will happen quiet often I think, nice thing is that MI1 and MI3 are still in green area with 37.4%....

update: re-funded MI2 and changed EA at MI3too

 

[Dirk58]

Trader Test

The Bathtub Test.....
During a visit to my doctor, I asked him, "How do you determine whether or not an older person should be put in an Old age home?"
"Well," he said, "we fill up a bathtub, then we offer a teaspoon, a teacup and a bucket to the person to empty the
Bathtub."
"Oh, I understand," I said. "a normal person would use the bucket because it is bigger than the spoon or the Teacup."
"No" he said. "a normal person would pull the plug. Do you want a bed near the window?"

 

[Pharaoh]

Normally, I go on and on (and on) about risk management, but some of the high profit/high risk EAs have caught my attention. I think it would take a combination of only putting a little money on the table (like you have) along with a reasonable scheme to pull out some profits to have at least some chance of making this work.

 

[Dirk58]

Normally, I go on and on (and on) about risk management, but some of the high profit/high risk EAs have caught my attention. I think it would take a combination of only putting a little money on the table (like you have) along with a reasonable scheme to pull out some profits to have at least some chance of making this work.

absolutely correct. If you have only small money to start EA trading using 5% risk is like putting small money to the bank. Would take generations to make at least some money. But meantime inflation will eat most of it so this way is unexceptable.
Because this MI idea is fascinating I searched for an different approach. As you can see there are only 2 accounts left in green area, only they count. If the others will come back this would be fine, if not accounts will be re-funded and perhaps ea changed. And meantime testing some more eas for this using a special plan this can work nicely after 3 months if everything goes smoothly.

 

[Dirk58]

Made my 100% within first 2 weeks, so very nice start

update: MI3 went into 90% DD, EA is good but needs an bigger account so I will exchange the ea and refund to $10

 

[Dirk58]

These days the market is much more involved in news as before. And bad thing is Europe is delivering almost every day so No Normal Trading now. Like to be at the right place at the right time. And this only happens sometimes.
Right now I throwed 2 accounts away because of this. Last one was MI2 today, using an BreakOut System but useless these days.
So 3 accounts remaining with $10 each, MI1 - MI4 - MI5.
But as I have to risk a bit more for this MI stuff I opened an $30 live account and put an nice EA on. Tested the ea only a few days but he run even throu NFP esily so tryin this one with 80% risk now too......

 

[Dirk58]

30 bucks arent enough

for this ea
so I will go with an demo for $100 account, demo is 10k trading with 1 lot. if ea and pairs are goin well
I can put this at an $100 account.....
trading started at 02/07/2012

 

[Dirk58]

New attempt

Time showed me that the EAs I used are not very useful for this mission. So I looked around. And found an useful one.
I will start an new attempt, start an new Mission Impossible today.
Rules are now: 100% p. week! 20% p. Trade! Starting Balance $10, here we go......

at my page http://eine-million-dollar.de/en/missionimpossible.html

 

[Dirk58]

and this is my second ea tested within $100 account...